Brookmount Gold Announces $2.1 Million Net Profit for Q1 2025 [Yahoo! Finance]
BROOKMOUNT EXPLS INC (BMXI)
NASDAQ:AMEX Investor Relations:
marketwired.com/press-release/brookmount-explorations-inc-update-to-dilboost-technology-licensing-agreement-2235684.htm
Company Research
Source: Yahoo! Finance
Indonesian operations reported much better than expected financial performance for the first quarter to February 28, 2025. Revenue was approximately $3.4 million with a net profit of $2.1 million or slightly over .01 Earnings per share (EPS). This highly positive transition to full operational control of the business, beginning in January, was reflective of a steadily increasing gold price and enhanced productivity as Brookmount's own mining activities were undergoing what has been a seamless restructuring under new management. "We believe that this excellent result endorses our strategy of extracting maximum value from the takeover. We are increasing our staff and our efficiency to take our Indonesian operations to a new and higher level of performance," commented CEO Nils Ollquist. Mr. Ollquist continued, "This month, following recent work undertaken to increase the depth of the main shaft at our primary location to one hundred meter, we are adding an additional mining team of t
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